Notably Australia's official cash rate will remain materially below where it was during Sydney's last property boom through to early 2004 for some time to come yet (click chart).
Rather, the music is only likely stop in this Sydney property market cycle once buyers deem yields to have fallen too low, such as they eventually did in Q1 2004.
The population of Sydney is expected to grow to some 8 million over the coming decades.
I've spent plenty of time in other high-density cities including London, Hong Kong and Singapore and observed with interest the appreciating prices of well-located real estate.
Those who plan to own well-located, desirable property in Sydney over the coming decades appear set to be very happy with the outcome.